comcast corp-class a (CMCSA) Key Developments
Comcast Business Brings Multi-Gigabit Ethernet to Underserved Commercial Areas in Kent, Washington
Aug 13 14
Comcast Business announced the expansion of its commercial fiber network, capable of bandwidth up to 10 Gigabits per second (Gbps), to underserved commercial areas in Kent, Washington. The network build out will bring Comcast Business Ethernet services to more than 150 local businesses for the first time, providing a cost-effective solution to increase speed, scale bandwidth, or connect multiple office locations on one dedicated network. Comcast will focus on maintaining and expanding its fiber network throughout commercial areas in the Kent Valley, located at 72(nd) Avenue South from 180(th) on the north side to South 196(th) St on the south side. With this enhanced access to secure and reliable Ethernet, businesses of all sizes in Kent can more effectively leverage the Internet to help increase productivity, provide better customer services, streamline their supply chain, or move their IT applications to the cloud. Kent's diverse economic base includes manufacturing, distribution, warehousing, professional services and retail companies. As these companies expand and grow, Comcast Business Ethernet can also scale to meet these evolving bandwidth consumption demands.
Comcast Appoints Joey Aguilar as Vice President of Business Operations for the Houston Region
Jul 27 14
Comcast announced that Joey Aguilar has been appointed as Vice President of Business Operations for the company's Houston region.
Comcast Declares Quarterly Dividend, Payable on October 22, 2014
Jul 24 14
Comcast Corporation announced that its Board of Directors declared a quarterly dividend of $0.225 a share on the Company's common stock. The quarterly dividend is payable on October 22, 2014 to shareholders of record as of the close of business on October 1, 2014.
Lionsgate and Comcast Announces Expansion of Their Partnership to Create Uniquely Immersive Multi-Platform Experiences for Digital Consumers
Jul 22 14
Lionsgate and Comcast announced the expansion of their partnership to create uniquely immersive multi-platform experiences for digital consumers, beginning with the launch of an app for the motion picture Divergent. With more than four hours of bonus features and interactive content, the Lionsgate-designed iOS app includes an authenticated premium experience available to Xfinity customers with the purchase of the film through the Xfinity On Demand digital store. Xfinity customers will be the first to enjoy Divergent movie scenes from multiple angles, walk the red carpet from the comfort of their living rooms with 360-degree camera views that make them feel as if they are at the premiere, embark on a virtual reality audio experience during a Dauntless initiation and explore the film's fashion through interactive flipbooks. Divergent is available in the Xfinity On Demand digital store, which has consistently been one of the top digital retailers in the U.S., and via digital retailers nationwide two weeks ahead of the blockbuster's August 5 DVD and Blu-ray debut. As part of this ongoing collaboration, Lionsgate will roll out additional title-specific apps built around upcoming releases featuring premium digital content available to Xfinity customers. The app also features DTS Headphone: X technology, enabling fans to share a surround sound experience using any brand of headphones, marking one of the first times this ground-breaking technology has been included in the special features of a home entertainment release. The Divergent app is a "life cycle" app that follows the movie not only from theatrical through home entertainment release and beyond but is designed to meet the demands of fans throughout the entire trajectory of the franchise. The next film in the Divergent series, Insurgent, will be released worldwide on March 20, 2015.
Comcast Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
Jul 22 14
Comcast Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income attributable to company of $1,992 million or $0.76 per diluted share on revenue of $16,844 million compared to net income attributable to company of $1,734 million or $0.65 per diluted share on revenue of $16,270 million reported a year ago. Operating income was $3,804 million compared to $3,435 million reported a year ago. Income before income taxes was $3,259 million compared to $2,792 million reported a year ago.
For the six months, the company reported net income attributable to company of $3,863 million or $1.47 per diluted share on revenue of $34,252 million compared to net income attributable to company of $3,171 million or $1.19 per diluted share on revenue of $31,580 million reported a year ago. Operating income was $7,372 million compared to $6,502 million reported a year ago. Income before income taxes was $6,315 million compared to $5,362 million reported a year ago. Net cash provided by operating activities was $7,547 million compared to $7,685 million reported a year ago. Capital expenditures were $3,246 million compared to $2,867 million reported a year ago.